Invesco DB USD Index Bullish Fund ETF UUP

EvanMedeiros Premium

The Dollar has been in a steady decline since topping out in October, however, the looks of that decline could be finally turning. Bulls are trying to show some signs of life down here to kick off the new year. Currently holding a long position for a trade looking for higher.

Flightschool

There is a lot of conviction in this dollar trade via UUP and we still believe that once companies start reporting in the next quarter we will see the true nature of this bear market. Hold UUP as a key core foundational position with this ratio.

gmaster29 Pro+ Updated 

UUP hitting upper trendline in parallel channel (yellow) and also nearing longer term resistance trendline (red). Expect pull back in UUP to 29.5 levels soon

Flightschool Updated 

Again pertaining to the Macro environment, it is a good idea to be on the long dollar side of things. More importantly is the set up based on the long duration. The Reward Risk on this one is not the best but that's because this will be one of the long term foundational holds. Keep in tune for our instructions on moving the stop loss to a more favorable position...

bkenwell Premium

Dollar pulled back into that $29.50 zone of support and more importantly, the 10-week ema. That gave us a "bend don't break" reaction as it ultimately held as support. Now rotation higher, I'm looking at a trim in the $30.40 to $30.50 area. That lets us move to a B/E stop (or higher) and turn our attention to $30.50+ to see if the UUP can gain momentum. Cheers

tashfeen3

Lower high and lowe low. Dollar may be breaking down

paul6545 Pro+ Updated 

Do we see a negative divergence in the dollar to the 14 RSI?? Have been listening for weeks that China and the Emerging Markets will rise on the 'weakening Dollar! Are we at a point to see if this will play out?

tashfeen3

Needs to break down below 29.6 to confirm change momentum and confirm a lower high which it may have put in today

EZmoney24 Pro

I think a pullback in the dollar is imminent. It has been a perfect storm in the geopolitical world with inflation, talks of war, tough financial decisions by countries that will likely have a long-lasting effect on their financial futures. Now unless the world really goes to crap and financial systems collapse in the next week, I am unsure how much higher the...

gilusa600 Updated 

Stronger dollar = Weaker stock market Will it rise to target?

pureBus99619 Updated 

Time to re-gross UUP to a big position. Reasons? At a key volume support level Oversold indicators flashing USD is down as SPY is up, but SPY is at level to take a full short position (see the previous idea)

TrendDiagnostix

Dollar rising right along the 50-ema, could be heading to new swing highs

idea2realsoft Updated 

Dollar built a double bottom , uup's bottom at 24.11 , neck line at 25. It will trending to 27.

tradingswift

Dollar has once again proved to be safe heaven. FED will keep on increasing rates to break the inflation. Long - UUP Use trailing stop loss from 28

tacosaurus Pro+

higher price, lower RSI and lower MACD. looks pretty tired to me, looking for 27.5 by end of the week. Playing w/ may20 28 puts.

WGMI-NFA Updated 

a bit over extended RSI overbought stop above red line

Venus_Trader

UUP shows strength on daily and so on weekly chart and currently bullish. That also reflects on Oil prices heading higher.

Options360 Premium

Here's a US Dollar / FX etf comparison chart. As you can see, currencies responded quickly right after the FOMC interest rate decision & FOMC press conference on 1/26 at 2-2:30pm. Every market responded obviously, and they're all interconnected, equity, bond, commodity, currency & crypto. In my opinion, what's happening underneath the surface between all the...